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Permalink Reply by Tim Tarr on May 17, 2015 at 12:09pm

Could you give a production amount (day or month) from these wells? How long have they been in production? Also do you have a shut in clause? Sounds to me like a takeaway issue. Might just be upstream wells have higher pressure.Those pipelines will be paid for somehow. Might just want to wait for better prices. Now if they start plugging these wells that's different.

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Permalink Reply by bobt on May 18, 2015 at 6:17am

the mcf per month has been averaging 53000 to 60000 per month per well the wells went on line in May of 2013 and the months of May thru Sept. 2013 were a bit higher as far as i can tell they are not plugging the wells they have just shut in 3 of the 4 wells on our pad and left one producing.

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Permalink Reply by Tim Tarr on May 18, 2015 at 8:54am

Sounds likely just a pipeline or market issue. 2MMcf/day is still good. Not something they'll plug and call it a day. Now if it was 20 MCF/day!

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Permalink Reply by Snort Widley on May 18, 2015 at 6:21am

This isn't uncommon if the wells are not generating a positive enough rate of return.  CHK and other operators did the same thing in 2011/12.

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Permalink Reply by wyalusing jim on May 18, 2015 at 9:26am

I heard today that this round of shut ins is south of the river.

wj

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Permalink Reply by Joseph-Ohio on May 18, 2015 at 10:09am

Marcellus Dry Gas Wells ?

Hearing / reading there's not enough of a market for all the gas that could be produced - so they don't produce as much by shut ins.

Also not enough take away infrastructure to handle all the production that could happen if there were an expanded market (talking about export here).

Credible or not ?

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Permalink Reply by John Capwell on May 18, 2015 at 12:09pm

I would suggest multiple factors. Depressed prices, opeational costs based on the recent lay offs at the Athens office, ancillary support operations that layed staff off and the impending lawsuits. When all factors were reviewed my guess is they decided to cut their losses and in the process gain stock price leverage by demonstrating cost cutting as well as leverage in the courtroom. I doubt we can point to one single factor.

What will be interesting is to see which wells/pads are turned off, painful though it may be. I guess a countryside drive to see if the compressors are running is in the future.

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Permalink Reply by Dudley rainey on May 18, 2015 at 1:14pm

Greetings, I have 6 wells in Greene county, Pa. 2 were shut to only being active "1" DAY in March. The other 4 remained active and the other 5 on the same pad were also active. Any reasons for cutting off these wells as they were still producing the month before within the expected production rates? These are EQT wells.

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Permalink Reply by mike on May 19, 2015 at 2:30am

Which well was shut in. I am on the smith well in terry twp. One well has been off line for sometime now

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Permalink Reply by bobt on May 19, 2015 at 2:33am

Thanks Mike, It's the Alexander well pad, 3 of 4 wells have been shut in about 3 weeks now.

don't know much more than that.

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Permalink Reply by polly perkins on May 23, 2015 at 9:28am

Hello bobt,

Do you have any other info on the shut-in of the Alexander well pad that you mentioned. We are a part of that unit and this is hard news. Would be interested in anything you know as we know very little about this stuff. Hope to hear from you with regards to this matter. Thank you.

Polly Perkins

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Permalink Reply by bobt on May 24, 2015 at 3:16am

Polly; the last thing i heard just this Thursday May 21 from two maintenance workers at the well pad is that the wells are not shut in, but are being cycled. CHK is reducing the amount of gas produced by limiting the flow week by week to get the amount they want.  

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